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Author Topic: The future of the paper money  (Read 414658 times)
chaosknight
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May 12, 2016, 02:17:24 PM
 #881

The future of paper money is good and promising as majority of people find it easy and convenient to use it as it is used and accepted everywhere.
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May 12, 2016, 08:54:47 PM
 #882

A lot of people don't belvie on paper money and think that it's useless and old fashion but at my opinion it's much better than digital money on many reasons...

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May 12, 2016, 09:35:32 PM
 #883

The future of paper money is good and promising as majority of people find it easy and convenient to use it as it is used and accepted everywhere.
I think it is not that good since use of electronic payments and bank cars is increasing however it will not vanish.

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May 12, 2016, 11:54:14 PM
 #884

The future of paper money is good and promising as majority of people find it easy and convenient to use it as it is used and accepted everywhere.
I think it's easy to use. precisely digital currency will be much easier. You do not need to be confused in the store and use it. if you have a lot of money of course you're going to the difficulty of storing paper money. in contrast to digital money

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May 13, 2016, 02:15:02 AM
 #885

The future of paper money is good and promising as majority of people find it easy and convenient to use it as it is used and accepted everywhere.
I think it's easy to use. precisely digital currency will be much easier. You do not need to be confused in the store and use it. if you have a lot of money of course you're going to the difficulty of storing paper money. in contrast to digital money
In the future, there will be lesser and lesser paper money circulating as debit cards, digital currency, cash cards are the ones will be using for our everyday spendings. There won't be loose change anymore since every transaction would be exactly paid based on the amount. Security of digital money should be further strengthened as most of the hackers are still finding ways to hack into our accounts.
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May 13, 2016, 02:48:26 PM
 #886

Paper money will not disappear and that is because there are also now still a lot of people that dont even know how to use it and that is now changing because they are promoting it more so that is nice for the Bitcoin.
The world is also getting more digital so that is nice but the only thing that you wont know is what the value will be.
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May 13, 2016, 03:26:13 PM
 #887

The future of paper money is good and promising as majority of people find it easy and convenient to use it as it is used and accepted everywhere.
I think it is not that good since use of electronic payments and bank cars is increasing however it will not vanish.
so true. I was sure it would be very inconvenient, I find paper money will always continue to be used even in the future. because paper money is a means of transaction was very good and easy

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May 13, 2016, 04:02:53 PM
 #888

The future of paper money is good and promising as majority of people find it easy and convenient to use it as it is used and accepted everywhere.
I think it is not that good since use of electronic payments and bank cars is increasing however it will not vanish.
so true. I was sure it would be very inconvenient, I find paper money will always continue to be used even in the future. because paper money is a means of transaction was very good and easy

People loves the things that they can hold physically, and they also have faith in it, I personally love to hold physical cash in my wallet, it makes me feel rich.
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May 13, 2016, 07:21:38 PM
 #889

Hope paper money will not dissapear, cause many times i was on situatins when digital money can't help and only cahs can save. Bad idea to change everyting at once.

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May 13, 2016, 07:25:59 PM
 #890

Hope paper money will not dissapear, cause many times i was on situatins when digital money can't help and only cahs can save. Bad idea to change everyting at once.

Exactly there are many places where only paper money can help us, like paying bills, paying to maid or servant, and for that bitcoin will not help.
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May 14, 2016, 02:03:46 AM
 #891

Paper money is dead

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May 14, 2016, 05:05:10 AM
 #892

The future is only of bitcoins and not paper money.
I think Fiat will continue into the future dude not bitcoin. I think that fiat money also has a digital version so it will compete with bitcoin in that field ?
I think that paper money will always be used, even when the bitcoin already have access to all the shops or the world. bitcoin may only be used as an alternative to payment, and maybe it's just a card shaped like atm

You got a point here, if that is the case in future then we will see many users  using bitcoin and then people will prefer to use bitcoin more in compare to fiat currency.

Believe me, there is more "hackers" working with paper money, fiat, than with digital currencies, from my point of view we will be more safe with crypto than with all those fiat guys....

the reason why hackers are more interested in fiat money is because the price of it is steady
and doesnt fluctaute frequently. and when bitcoin achieve let say $1000 per bitcoin hackers
will turn theyre eyes to bitcoin and hack it, even right now bitcoin is being hacked.


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May 14, 2016, 07:06:26 AM
 #893

The future is only of bitcoins and not paper money.
I think Fiat will continue into the future dude not bitcoin. I think that fiat money also has a digital version so it will compete with bitcoin in that field ?
I think that paper money will always be used, even when the bitcoin already have access to all the shops or the world. bitcoin may only be used as an alternative to payment, and maybe it's just a card shaped like atm

You got a point here, if that is the case in future then we will see many users  using bitcoin and then people will prefer to use bitcoin more in compare to fiat currency.

Believe me, there is more "hackers" working with paper money, fiat, than with digital currencies, from my point of view we will be more safe with crypto than with all those fiat guys....

the reason why hackers are more interested in fiat money is because the price of it is steady
and doesnt fluctaute frequently. and when bitcoin achieve let say $1000 per bitcoin hackers
will turn theyre eyes to bitcoin and hack it, even right now bitcoin is being hacked.

I think we should distinguish between what is called "hackers" here (i.e. counterfeiters) and plain old thieves. To hack Bitcoin means to find a flaw in the algo, which would allow to create more coins with less effort. This roughly corresponds to a counterfeiter, a person who produces fraudulent copies of paper banknotes, while hackers that hack users' wallets are just thieves that empty pockets or bank accounts...

Whether it is bitcoins or dollars they steal is pretty much irrelevant (in respect to who they are)

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May 14, 2016, 07:16:44 AM
 #894

The future is only of bitcoins and not paper money.
I think Fiat will continue into the future dude not bitcoin. I think that fiat money also has a digital version so it will compete with bitcoin in that field ?
I think that paper money will always be used, even when the bitcoin already have access to all the shops or the world. bitcoin may only be used as an alternative to payment, and maybe it's just a card shaped like atm

You got a point here, if that is the case in future then we will see many users  using bitcoin and then people will prefer to use bitcoin more in compare to fiat currency.

Believe me, there is more "hackers" working with paper money, fiat, than with digital currencies, from my point of view we will be more safe with crypto than with all those fiat guys....

I think they are just the same, as long as there is monetary fund and it is related to money exchanging, money saving and other services for money.
For me, it will be safer if you are going to save your money to bank because once you account got hacked the assurance of your money back is guaranteed unlike if someone hacked your wallet address no assurance for money back.



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Rainbot
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pitham1
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May 15, 2016, 02:35:45 AM
 #895

the reason why hackers are more interested in fiat money is because the price of it is steady
and doesnt fluctaute frequently. and when bitcoin achieve let say $1000 per bitcoin hackers
will turn theyre eyes to bitcoin and hack it, even right now bitcoin is being hacked.

The value of 1 bitcoin really doesn't matter. Hackers just look at total value - whether bitcoin or fiat.
They just try to extract the maximum possible value.

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May 15, 2016, 07:30:26 AM
 #896

I like bitcoins a lot, paper money is very risky especially when bringing it in a dangerous place. I think the world is a better place to live if we all go digital. In that sense we could easily track our expenses and even required the government to give us the information to track public spending.

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blackmachinegun
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May 15, 2016, 07:49:41 AM
 #897

Hope paper money will not dissapear, cause many times i was on situatins when digital money can't help and only cahs can save. Bad idea to change everyting at once.
times change will not happen suddenly of course it would be impossible if the paper money abolished now. then it needs time for that stage. maybe a few more decades slowly banknotes will definitely start on leave and will switch to the more sophisticated forms of money again

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May 15, 2016, 07:55:08 AM
 #898

I like bitcoins a lot, paper money is very risky especially when bringing it in a dangerous place. I think the world is a better place to live if we all go digital. In that sense we could easily track our expenses and even required the government to give us the information to track public spending.
I completely agree!
Moreover cryptocurrency is convenience! For the money needed wallet. And in the event of loss to lose all at once. In a case with cryptocurrency same, you do not need anything other than your smartphone! You can pay, for example by simply touching "nfc" tag or scanning "qr" code! It's quick and easy!
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May 15, 2016, 10:46:04 AM
 #899

Hope paper money will not dissapear, cause many times i was on situatins when digital money can't help and only cahs can save. Bad idea to change everyting at once.

Exactly there are many places where only paper money can help us, like paying bills, paying to maid or servant, and for that bitcoin will not help.

Well Said, there are few places where we can't use bitcoin and other digital currencies however the technology gets advanced. So in my opinion if the world becomes currency free then paper money use might gets stopped.

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May 15, 2016, 12:13:34 PM
 #900

Hope paper money will not dissapear, cause many times i was on situatins when digital money can't help and only cahs can save. Bad idea to change everyting at once.

Exactly there are many places where only paper money can help us, like paying bills, paying to maid or servant, and for that bitcoin will not help.

Well Said, there are few places where we can't use bitcoin and other digital currencies however the technology gets advanced. So in my opinion if the world becomes currency free then paper money use might gets stopped.

Each and every paper money represents their country, its a pride and symbol of their country, and Government will never allow that to happen as they will loose all their power and control on the money.
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